inflation, it s not 4, because you go to the store and it does not go as far. my rent is through the roof, all of these things that make life tough for the average person, he could brag all he wants, the average person is going to know. he listen, inflation was at a 40 year high. no one knew about the sting of inflation. now we talk about it coming down. it s coming down because people are running out of money, the federal reserve is trying to do their job and slow it down, so when we run out of money the alternative is going to be maybe a recession, shallow, deep, we don t know. sandra: i talked to a private wealth manager at morgan stanley this morning and i said, i challenged him with the same question. he said wait for the fourth quarter, a lot of this has to work its way through the system. so some of the dire forecasts could work out. saw some of this the last fourth quarter. sandra: i ll ask you about
17.50 up from $17 per hour. 340,000 store workers impacted. in a perfect world, wage increases would be great but if it s gobbled up by inflation it does not mean much to the workers, and only at the cost of the business that s trying to retain them. charles payne joined us last hour, and to your point about needing to focus on inflation, he says it s getting forgotten about. we are still living through four decade high inflation, listen. we have forgotten about inflation in this country. no one knew about the sting of inflation, so now we talk about it coming down, whether it s coming down because of people are running out of money, the federal reserve is trying to do their job and slow it down, when we run out of money, the alternative is going to be maybe a recession. sandra: to his point about we had forgotten about it, we had not experienced the price hikes in so long, there they came unnecessarily due to, arguably,
january six committee. and i just think it s a risk. because what if he loses? what is he supposed to say? the supreme court are bunch of traders? these are the people he appointed. of course, [laughs] , of course that s exactly what you do. john, listen, tara really just said how i feel. is it because it s such a small carve out here, right? is it our he and his attorneys pointing to this one little thing that they could win, so they at least can say that they have a win, even though it is it seems incremental, or, you know, it does not really matter that much? you get my point? i do, i do. and while it is not always clear what trump is doing, it s always clear he s looking for delay. this will certainly assure some delay in. how long, it s unpredictable. clarence thomas the circuit who it s his circuit, as a member the supreme court to take jurisdiction over. he took the case right and. he could ve sat on it, done